AngloGold Production Falls After Worker Deaths

AngloGold is the third largest gold producer in the world. Based in Johannesburg, it operates mines in South Africa, Tanzania, Ghana and Guinea, one of the poorest countries on earth, where the new self-appointed leader has been causing problems for AngloGold. He shuttered one of the company's mines for five days in March after an executive didn't show up for a meeting, and has threatened to seize the country's mining projects from their international operators.

AngloGold is about to move into South America. In its earnings release, the company said that it won exploration permits from the Colombian government to explore portions of La Colosa, a region in the Colombian Andes where gold porphyry has been discovered. AngloGold announced that it plans to spend $200 million over the next three to four years to "increase [its] knowledge" of its La Colosa concession.